Japan's wholesale prices inch up at the fastest pace in 9 years

Japan's wholesale prices inch up at the fastest pace in 9 years

In September, Japanese wholesale prices tacked on at the fastest annual pace for nearly 9 years. It’s because of ascending prices for metals, gasoline as well as agricultural products. However, the revenues won't necessarily drive the Asian country's notoriously poor inflation.

Financial experts actually expect consumer prices to edged up only gradually because a great number Japanese companies are used to absorbing higher input costs rather than lifting prices, thus making it difficult for the BOJ to meet its 2% inflation objective.

In September, wholesale prices leapt 3% from 2016, jumping for the ninth straight month, as BOJ data disclosed on Thursday.

September's revenues demonstrated the fastest wholesale price surge since October 2008, excluding the effect of the country’s sales tax lift in 2014.

In September, Japanese bank lending grew 3% versus last year, as separate data revealed.

 

 

 

Similar

Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

What Happens to EUR?
What Happens to EUR?

On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera